FAQ

What is meant by fraud under the Indian Contracts Act, 1872?

According
to Section 17 if the Indian Contracts Act, 1872, Fraud means and includes any
of the following acts committed by a party to a contract, or with his
connivance, or by his agents , with intent to deceive another party thereto or
his agent, or to induce him to enter into the contract:

the
suggestion as a fact, of that which is not true, by one who does not believe it
to be true;

the
active concealment of a fact by one having knowledge or belief of the fact;

a
promise made without any intention of performing it;

any
other act fitted to deceive;

any
such act or omission as the law specially declares to be fraudulent.